United States Trade Korea

Micron Seeks Probe of Korean Chip Makers: Micron Technology Inc. said it asked the U.S. government to investigate whether Korean companies Hyundai Electronics Industries and LG Semicon are selling computer memory chips below prices allowed by U.S. trade law. The request comes as memory-chip prices are plunging, forcing chip producers to cut output. Micron Chief Executive Steve Appleton said his company has "strong evidence" that the two firms are selling below production costs.

Micron Seeks Probe of Korean Chip Makers: Micron Technology Inc. said it asked the U.S. government to investigate whether Korean companies Hyundai Electronics Industries and LG Semicon are selling computer memory chips below prices allowed by U.S. trade law. The request comes as memory-chip prices are plunging, forcing chip producers to cut output. Micron Chief Executive Steve Appleton said his company has "strong evidence" that the two firms are selling below production costs.

ITC Finds Korea, Mexico Dumped Steel: The International Trade Commission ruled that steel wire rope "dumped" by Korea and Mexico was damaging U.S. industry. The ruling by the independent government agency clears the way for the Commerce Department to impose certain anti-dumping duties. The Commerce Department will place a duty on the imports equal to the unfair trade advantage the goods have. In 1991, U.S. imports of carbon steel wire totaled $97.

ITC Finds Korea, Mexico Dumped Steel: The International Trade Commission ruled that steel wire rope "dumped" by Korea and Mexico was damaging U.S. industry. The ruling by the independent government agency clears the way for the Commerce Department to impose certain anti-dumping duties. The Commerce Department will place a duty on the imports equal to the unfair trade advantage the goods have. In 1991, U.S. imports of carbon steel wire totaled $97.

When U.S. Customs officials in Arizona called Van Doren Rubber Co. last August to notify the company that a shipment of counterfeit Vans athletic shoes had been seized, officials at the Orange-based company were not surprised. Not only did the company know its goods were being counterfeited, it had already joined forces with two competitors--Reebok and Converse--in an unprecedented joint investigation to find out who was responsible.

When Posco, a South Korean steel giant, agreed in 1986 to help U.S. Steel modernize its Pittsburg, Calif., plant, the joint venture saved the plant's 1,200 jobs. Together, Posco and U.S. Steel--now known as USX--invested about $450 million to turn an aging, outmoded plant into one of the nation's most advanced and competitive steel mills. In doing so, they forged a partnership that stands as an industry symbol of international cooperation.

When Posco, a South Korean steel giant, agreed in 1986 to help U.S. Steel modernize its Pittsburg, Calif., plant, the joint venture saved the plant's 1,200 jobs. Together, Posco and U.S. Steel--now known as USX--invested about $450 million to turn an aging, outmoded plant into one of the nation's most advanced and competitive steel mills. In doing so, they forged a partnership that stands as an industry symbol of international cooperation.

When U.S. Customs officials in Arizona called Van Doren Rubber Co. last August to notify the company that a shipment of counterfeit Vans athletic shoes had been seized, officials at the Orange-based company were not surprised. Not only did the company know its goods were being counterfeited, it had already joined forces with two competitors--Reebok and Converse--in an unprecedented joint investigation to find out who was responsible.